Food prices in Canada rising at quickest pace in two years.
Food prices in Canada are rising at the quickest pace in two years.
Stats Canada reports prices rose 4.3 per cent last month from a year ago.
The trend is widespread with meat prices up almost 6 per cent, the cost of bread is up 10 per cent and the price of fresh veggies has risen by 8.4 per cent.
The Bank of Canada is forecasting food prices in Canada will continue to rise through the rest of this year.
This week's rain is welcome news for local farmers after the heat wave.
Kevin Ward at Fernwood Farms says they would like a bit more rain -- but what we have seen is a good start....
Ward predicts August and September will be good months for crops.
It appears that China will not slam the door on Canadian canola over concerns about a crop disease called blackleg.
The federal government says China has agreed to grant Canadian canola producers and exporters continued market access -- while governments and industry work on a solution to the disease.
Virulent blackleg is a fungal canker or dry rot that can result in major yield loss.
In 2009, China slapped import restrictions on Canadian canola seed because of blackleg.
Last year, Canada exported 1.8 billion dollars worth of canola products to China.